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Hyatt Corporation to open 10-12 Hyatt Place properties in India in 5 years

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Hyatt Hotels Corporation has plans to open over 10 to12 properties under the Hyatt Place brand across India by 2020. Elaborating on the same, Sumit Kumar, general manager, Hyatt Place Gurgaon/Udyog Vihar, stated, “Presently, many projects are in their nascent stage, but we will have 10 to 12 properties within the next five years. Hyatt Place in Pune will be coming up in the first quarter of 2015, apart from Goa, Hyderabad and Bengaluru which will be operational soon.” After the launch of the first Hyatt Place property in Hampi, Karnataka in 2012, the company recently opened the second Hyatt Place in Gurgaon/Udyog Vihar in early November last year, the first in Delhi & NCR.

Talking about establishing the Hyatt Place brand in the India market, Kumar stated, “Hyatt Place is a more value for money brand in comparison to Grand Hyatt and Hyatt Regency, a difference that the Indian clientele is beginning to understand. Hyatt Place provides simplicity and availability across all its properties, categorically built to give a lively, young and energetic ambience.”

Stating Hyatt Place in Gurgaon/Udyog Vihar to be a major investment opportunity, Kumar said, “It took just 22 months for the construction of this property and become operational, therefore creating this is as a major USP for future investments as it will help in faster ROIs, in comparison to other hotels.”

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